Air France KLM Martinair Cargo continues strong performance in Third quarter

posted on 2nd November 2020 by Eddie Saunders
Air France KLM Martinair Cargo continues strong performance in Third quarter

September was the fifth consecutive month of gradual air cargo market improvements and Air France KLM Martinair’s Cargo activity continued to strongly perform with a unit revenue at constant currency up 107.6% in the Third quarter 2020.

The Cargo capacity of the Group has been down 33.3%, primarily driven by the reduction in belly capacity of passenger aircraft partly offset by the increase of the full freighters’ capacity and ‘mini cargo flights’ (passenger aircraft with only belly capacity commercialized). The load factors were strongly up 13.4 points for the quarter.

On the demand side, worldwide airfreight volumes are down due to Covid-19 crisis but are expected to rebound to 90 to 95% of pre Covid-19 levels in 2021.